Valor Holdings’ Q2 earnings beat forecasts on strong supermarket sales

Valor Holdings reported a substantial beat on its consolidated financial forecasts for the second quarter of the fiscal year ending March 2026. Operating revenues reached JPY 450,542 million, exceeding the forecast of JPY 445,500 million by 1.1%. Operating profit surged by 30.1% to JPY 14,048 million against a forecast of JPY 10,800 million, while ordinary profit rose 17.9% to JPY 15,086 million from JPY 12,800 million. Profit attributable to owners of parent increased by 11.9% to JPY 8,277 million, resulting in basic earnings per share of JPY 157.16, up from the JPY 139.63 forecast.

This robust performance was primarily attributed to strong sales in the supermarket segment, particularly in fresh foods like seafood, bakery, and fruits, which boosted gross profit margins. The home center business also saw significant improvement in gross profit rates due to unified purchasing and optimized pricing. The sports club segment contributed positively with increased revenues from revised membership fees and cost reductions.

Despite the strong Q2 results, Valor Holdings stated that its full-year consolidated financial forecasts for the fiscal year ending March 2026 will remain unchanged, citing the need to assess demand trends during the crucial year-end shopping season. The company also announced the acquisition of Domi Co., Ltd. common stock through a tender offer, making it a consolidated subsidiary as of October 2025.